JDS Uniphase to sell MEMS business

Ottawa-based JDS Uniphase Corp. will sell its Cronos Integrated Microsystem Inc. micro-electro mechanical systems (MEMS) business to a company in France for US$8.5 million, according to a Reuters News Agency report on Friday.

JDS – a supplier of optical network modules and components – had originally purchased the Cronos MEMS business two years ago for $565 million. Its new deal is with MEMSCAP, a company based in France with North American headquarters in San Jose.

The company last week announced its fourth quarter annual results, and reported a loss of nearly $1 billion, predicting that sales would continue to decline.

The company’s technology is used for fibre-optic communications, and is deployed by system manufacturers for the telecommunications, cable television and data communications industries. The company blames downturns in the telecommunications market for its forecasted revenue decline.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Featured Reads